EP016: Offshore Real Estate Tax Planning Much Needed Advice

Offshore Real Estate Tax Planning

Offshore Real Estate Tax Planning : Much Needed Advice to Help You Keep Up with the Ever-Changing Tax Rates in the US and Abroad

Offshore Real Estate Tax Planning if often not considered until after the purchase. People often visit a foreign country for a quick vacation and then end up falling in love with a piece of real estate. They may feel as if they are doing their research by scouring the internet for information, but without an accountant who can help with tax planning and tax codes they may find themselves in a bind at tax time.

Do not let this happen to you.

Let Glazer Financial give you the much-needed expertise you need.

Of course Macarena and her team can help you find the right property for you in Belize and beyond as your Buyers Agent. With Glazier Financial and Team Rainforest you are sure to have a great experience with your investment abroad.

There are several issues to consider in addition to your tax planning when purchasing real estate abroad. This also will play into your tax strategy as an investment property is treated different than a second home or a primary residence. Being very specific on how you will use your new real estate investment will help determine your tax strategy while owning real estate offshore.

Key Takeaways:

[1:27] The tax rate on passive income is going up by
4% and everyone needs to plan for it.

[7:26] Are people required to pay the same taxes if
they move offshore?

[10:30] If you buy a piece of property in another
country, then do everything you can to transfer the money in the
United States.

[15:58] Does it make sense to incorporate offshore
properties?

[17:31] Do not take internet information at face
value. Talk to the experts instead.